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This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With … public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it … raises the saving rate and thereby increases the rate of physical capital accumulation. Second, it reduces accidental …
Persistent link: https://www.econbiz.de/10009447922
immigration inflows. To illustrate these effects we construct a population accounting model and simulate steady-state outcomes …
Persistent link: https://www.econbiz.de/10005504103
There is strong evidence that, in addition to individual and household characteristics, social interactions are important in determining fertility rates. Social interactions can lead to a multiplier effect where an individual’s ideas, and fertility choice, can affect the fertility decisions of...
Persistent link: https://www.econbiz.de/10005808479
- together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue … that religion can enhance or impinge upon economic growth through all four elements because it shapes individual … development. It affects human capital through both religious and secular education. It affects population and labor by influencing …
Persistent link: https://www.econbiz.de/10014391202
Persistent link: https://www.econbiz.de/10014373639
Persistent link: https://www.econbiz.de/10015411695
participation rate effect, but also a growth effect. Life-cycle savings, investment deepening, foreign capital flows, and schooling … have all been greatly affected by the demographic transition. The paper discusses just how much of these positive growth …
Persistent link: https://www.econbiz.de/10015153858
Life cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The … fertility which changes the age compositions and could thereby account for savings and growth in Asia. … association between the age composition of a nation's population and its savings rate, observed within 16 Asian countries from …
Persistent link: https://www.econbiz.de/10002592079
Persistent link: https://www.econbiz.de/10002532204
This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach …, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …
Persistent link: https://www.econbiz.de/10014396475